MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Thursday, January 18th, NASDAQ reports. Shareholders of record on Wednesday, January 17th will be given a dividend of 0.062 per share by the financial services provider on Wednesday, January 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Tuesday, January 16th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.06.
MFS Charter Income Trust has raised its dividend payment by an average of 4.6% annually over the last three years.
MFS Charter Income Trust (NYSE MCR) traded down $0.01 during midday trading on Thursday, hitting $8.50. 142,900 shares of the company’s stock were exchanged, compared to its average volume of 107,043. MFS Charter Income Trust has a 12-month low of $8.29 and a 12-month high of $8.76.
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MFS Charter Income Trust (Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund normally invests in debt instruments. The Fund also invests in corporate bonds of the United States and/or foreign issuers, the United States Government securities, foreign government securities, mortgage-backed and other asset-backed securities and/or debt instruments of issuers located in emerging market countries.
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